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dennyc
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Auf Wiedersehen, Au Revoir, Greece! - Axel Merk - Merk Fund

Mr. Merk should do a little investigating of the Argentinian experience ten or so years ago. Also, bank recapitalization worked extremely well here in the USA, so let's try it somewhere else. Giving money to banks with B-I-G holes in them is great for the folks who are invested in the banks (perhaps Mr. Merk is invested in European banking); but a B-I-G bummer for the rest of us. Mr. Merk is a capitalist/socialist. You know, one of those people who come begging to the taxpayer when business isn't very profitable; but who demands to keep the loot when the profits are rolling in. Those aren't socialists in the OWS movements, simply taxpayers who want a return on the trillions they gave Wall Street and the banks.

Commented 4558 days ago

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Beginning of the headline : Greek Prime Minister Papandreou is throwing in the towel: by calling for a popular vote on austerity measures now, we believe he is almost assured a no vote.This allows Papandreou to say that he tried everything he could to avoid a default, but the people have spoken.Having said that, as we write this analysis, Papandreou appears to be changing his mind and may cancel the idea of a referendum as quickly as it came about... Read More

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